Terra Firma to return 3 bln euros to investors - FT

LONDON Jan 27 Private equity firm Terra Firma
will return 3 billion euros to investors through
disposals within the next 12 to 18 months, the Financial Times
reported on its website on Sunday.

Terra Firma, founded by Guy Hands, will also persevere with
a 3 billion euro fund to buy green infrastructure assets, less
than the 5 billion originally planned, after China Development
Bank failed to commit to the fund, the FT said, citing unnamed
people with knowledge of the matter.

Hands also approached investors regarding a 2 to 3 bln euro
buyout fund that may be marketed as soon as next year, the FT
said.

Terra Firma lost 1.7 billion pounds of its own and
investors' money on EMI, which it bought in a
highly-leveraged deal at the peak of the buyouts boom in 2007.

Next In Funds News

Dec 8 Fixed annuity service provider Athene
Holding Ltd said its initial public offering of 27
million class A shares raised $1.1 billion after the offering
was priced in the mid-point of its expected range, valuing the
company at about $7.55 billion.

KINSHASA, Dec 9 The appointment of a temporary
administrator to run the Tenke copper mine has been blocked by
an appeals body, the mine said on Friday, removing a hurdle to a
takeover by China Molybdenum.

Reuters is the news and media division of Thomson Reuters. Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Learn more about Thomson Reuters products: